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Groupe BPCE to sell 60% in Tunisian lender
StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity
Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity
StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk – Episode 69: Banks left with pockets full of cash and few places to go
Groupe BPCE has reached an agreement with the Tunisian government to sell its 60% stake in Banque Tuniso-Koweitienne, the Tunisian bank said in a statement on Dec. 13.
The Tunisian state already holds 20% of the bank, and the acquisition will make it the lender's main shareholder.
The deal will be finalized in February on completion of regulatory approvals.
BPCE has been seeking to sell off its stakes in African banks to focus on its core activities.